Exactly Opel. PIE pinned all their hopes on Telstra. Fatal.
How a one dated product company can pin their hopes on one company is beyond me. Perhaps they knew that they had no chance of selling this elsewhere.
The price will go down to 1/10th of a cent. There is just far too much stock and not enough cash. What price will the July capital raising be at? Oh, and it will be July, or PIE will be insolvent when the FY accounts are presented which will lead to a de-listing.
IF TLS does come on board - how much stock would have to be issued to fund production? 1b, 2b?
Be careful fellas.
- Forums
- ASX - By Stock
- CSK
- put it out of it's misery
put it out of it's misery, page-16
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CSK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online